Core Insights - Futu Holdings Limited (FUTU) has integrated AI into its Moomoo and Futubull platforms to enhance client acquisition and improve offerings for retail and high-net-worth (HNW) investors [1] Group 1: AI Integration and Client Growth - The launch of Futubull AI in March 2025 led to approximately 2 million user queries processed by the end of the quarter, with a 3X increase in adoption from Q1 2025 [2] - AI-driven products provide real-time insights, improving market research and enhancing customer experience, making FUTU a preferred choice for retail investors [3] - HNW clients in Singapore experienced a 40% quarter-over-quarter increase in net inflows, indicating the effectiveness of AI products [4] Group 2: Financial Performance - As of Q2 2025, FUTU reported a 40% year-over-year growth in funded accounts and a 68% increase in total clients, with a quarterly retention rate above 98% [5] - The company's top line surged 69.7% year-over-year in the June quarter, driven by brokerage commissions and subscription services supported by AI insights [5] - Net income increased by 105% year-over-year, with margins expanding by 980 basis points, showcasing the impact of AI on profitability [6] Group 3: Market Performance and Valuation - FUTU's stock price increased by 130% over the past six months, outperforming competitors and the industry, which saw increases of 94.8% and 31.3%, respectively [7] - The company trades at a forward price-to-earnings ratio of 19.06, lower than the industry average of 31.02, and significantly lower than Agora and Skillsoft [11] - The Zacks Consensus Estimate for FUTU's earnings for 2025 and 2026 has risen by 10.7% and 9.9%, respectively, over the past 60 days [14]

Core Viewpoint Futu Holdings Limited reported strong financial and operational growth in the second quarter of 2025, driven by an increase in funded accounts, trading volume, and client assets, alongside successful international expansion efforts. Financial Highlights - Total revenues reached HK$5,310.9 million (US$676.6 million), a 69.7% increase year-over-year from HK$3,129.0 million [5] - Net income surged by 112.7% to HK$2,572.6 million (US$327.7 million) compared to HK$1,209.3 million in the same quarter of 2024 [15] - Non-GAAP adjusted net income increased by 105.2% to HK$2,659.8 million (US$338.8 million) [16] - Total gross profit rose by 81.6% to HK$4,639.9 million (US$591.1 million), with a gross margin of 87.4% [10] Operational Highlights - Funded accounts grew to approximately 2.9 million, up 40.9% year-over-year and 7.6% quarter-over-quarter [3] - Total client assets reached a record high of HK$973.9 billion, an increase of 68.1% year-over-year [4] - Total trading volume for the quarter was HK$3.59 trillion, up 121.2% year-over-year [4] - The company added over 204 thousand new funded accounts during the quarter, a growth of 31.6% year-over-year [3] Market Expansion - Over half of the total funded accounts are now from clients outside of Futu Securities Hong Kong, marking a significant milestone in international expansion [3] - The company launched crypto trading in most U.S. states and became the official sponsor of the New York Mets, enhancing its brand presence in the U.S. [3] - In Japan, Futu hosted its inaugural offline investment event, MooFest Japan, attracting over 12 thousand investors [3] Client Engagement - The funded account quarterly retention rate remained above 98%, indicating strong client loyalty [3] - Total client assets in wealth management reached HK$163.2 billion, up 104.4% year-over-year [4]

Core Viewpoint - Futu Holdings Limited will report its financial results for the second quarter of 2025 on August 20, 2025, before U.S. markets open [1] Group 1: Financial Reporting - The earnings conference call will take place on August 20, 2025, at 7:30 AM U.S. Eastern Time [1] - Participants must pre-register for the conference call using a provided link [2] - Confirmation emails will include participant dial-in numbers and personal PINs for access to the call [3] Group 2: Company Overview - Futu Holdings Limited is a tech-driven online brokerage and wealth management platform [1] - The company offers fully digitalized financial services through its platforms, Futubull and moomoo [4] - Services include trade execution, margin financing, securities lending, and wealth management, along with corporate services like IPO distribution and investor relations [4]

Core Insights - Futu Holdings Limited reported strong financial results for Q1 2025, with significant growth in funded accounts, client assets, and trading volume, indicating robust market performance and effective marketing strategies [3][4][6]. Operational Highlights - The company added approximately 262 thousand funded accounts in Q1 2025, a 47.8% increase year-over-year and 21.9% quarter-over-quarter, bringing total funded accounts to 2.7 million, up 41.6% year-over-year [3][4]. - Total client assets reached HK$829.8 billion, reflecting a 60.2% year-over-year increase and an 11.6% quarter-over-quarter increase [4][5]. - Total trading volume for Q1 2025 was HK$3.22 trillion, a 140.1% increase year-over-year, with U.S. stock trading volume at HK$2.25 trillion and Hong Kong stock trading volume at HK$916.0 billion [4][6]. Financial Highlights - Total revenues for Q1 2025 were HK$4,694.6 million (US$603.4 million), an 81.1% increase from HK$2,592.5 million in Q1 2024 [6][7]. - Net income increased by 107.0% year-over-year to HK$2,142.7 million (US$275.4 million), with a net income margin of 45.6% [14][16]. - Non-GAAP adjusted net income rose by 97.7% year-over-year to HK$2,216.9 million (US$285.0 million) [15][39]. Cost and Profit Analysis - Total costs increased by 59.3% year-over-year to HK$749.0 million (US$96.3 million) [8][9]. - Total gross profit was HK$3,945.7 million (US$507.2 million), an 85.9% increase from HK$2,122.2 million in Q1 2024, with a gross margin of 84.0% [10][13]. - Operating expenses rose by 35.6% year-over-year to HK$1,260.4 million (US$162.0 million) [11][12]. Wealth Management and IPO Activities - Wealth management client assets were HK$139.2 billion, up 117.7% year-over-year, with 29% of funded accounts holding wealth management products [5]. - The company served as joint lead manager for several high-profile Hong Kong IPOs, achieving significant subscription amounts and client engagement [5].

Core Viewpoint - Futu Holdings Limited is set to announce its financial results for the first quarter of 2025 on May 29, 2025, before U.S. markets open, with a conference call scheduled for the same day [1]. Group 1: Financial Results Announcement - Futu will report its financial results for Q1 2025 on May 29, 2025 [1]. - The earnings conference call will take place at 7:30 AM U.S. Eastern Time [1]. Group 2: Conference Call Registration - Participants must pre-register for the conference call via a provided link [2]. - Confirmation emails will include dial-in numbers and personal PINs for access [3]. Group 3: Company Overview - Futu Holdings Limited is a tech-driven online brokerage and wealth management platform [4]. - The company offers a range of digital financial services through its platforms, including trade execution, margin financing, and wealth management [4]. - Futu integrates social media tools to enhance user connectivity and engagement [4].

Company Overview - Futu Holdings Limited is a leading tech-driven online brokerage and wealth management platform listed on Nasdaq under the ticker FUTU [1][3] - The company offers fully digitalized financial services through its proprietary platforms, Futubull and moomoo, which include trade execution, margin financing, securities lending, and wealth management [3] Annual Report Filing - The company filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the Securities and Exchange Commission [1] - The annual report, which includes audited consolidated financial statements, is available on the company's investor relations website [1][2] Shareholder Services - Futu Holdings Limited will provide a copy of its annual report free of charge to shareholders and ADS holders upon request [2] - Requests for the annual report should be directed to the Investor Relations Department located in Shenzhen, China [2]